I see that Hospira settled their stock fraud suit for 60 million. I was wondering how this affected the employee's stock?
Stock Fraud Settlement
- Thread starter Anonymous
- Start date
-
- Tags
- None
It went up 20%
The insurance carrier is paying,not Hospira and employees are building their 401ks very nicely
If you left or were fired you lost out big time
The insurance carrier is paying,not Hospira and employees are building their 401ks very nicely
If you left or were fired you lost out big time
Only true for Director level and above...pretty much have run off everyone below that grade and replaced them with Indians.
These lawsuits are common but isn't it rare for a settlement to be made? Would you say there some indication of fault in the fact that they settled? I also believe that the insurance only paid a portion? The 401k at Hospira is very generous however it isn't necessarily made up of Hospira stock. Only management and above are granted stock options. When Hospira split from Abbott the officers created a company that did not value the employees unless they were officers or at least management and never intended for them gain any wealth.
When they split the company every employee received founders stock regardless of grade. Get your facts straight.
You are correct. Here some facts:
Chris Begley got 500,000 founder shares.
Sales reps got 400 founder shares.
Others got less than that...
Begley misled folks on the earnings conference calls...I heard what he said. I was tuned in.
He is a white collar thief...the types that grease management on down too make it "ok."
He was incompetent to boot. Please comment on that.
Are those facts straight enough for you?
That is correct but anyone hired after the split does not receive any stock options unless they are management level or above.
You sound like a hater! What's wrong with Begley getting what a CEO deserves A rep was lucky to get any options and like a typical rep THEY COMPLAIN AND BITCH no wonder you were all let go Now answer my question what did Hospira do to you that caused such separation anxiety?
I do not think this person sounds like a hater. They are just stating some facts and voicing their opinion.
Right, your opinion is that of a disgruntled terminated person who obviously
could never recover from the loss of Hospira paycheck Now you post on Cp
like a sick lunatic for last 6 years
You are well known on Abbott/Hospira board for being a troll
YOU need to get your facts straight! yes everybody got something but the number of shares was based on pay grade. There were approx 1.6 mm shares in the founders grant low level employees got next to nothing, level 15s got 240 shares Chris Begely got 500,000 shares (It was in the annual report). They also now give stock grants that mature over 3 yrs 1/3 rd maturing every yr, not stock options anymore so there is absolutely no risk at all they just give them stock. The truth is the people who are doing the work are getting raped by management.
Erroneous Information DONT listen to this fools info, his facts are ALWAYS WRONG !
HR guy
It is pretty obvious you never worked for HSP and due to the way you lost your mind when called out on the facts tells me and everyone else that you are the troll, 3 responses, hilarious!
. The pay grade break point for 400 shares was level 16 those below that got fewer. 18s and up got more.It is pretty obvious you never worked for HSP and due to the way you lost your mind when called out on the facts tells me and everyone else that you are the troll, 3 responses, hilarious!
Wrong, now please get a job you freak ! Go find that horses ass you love to gaze at !
You make a fool of yourself every time you post ! Sorry but you are a sick no life loser
who trolls the boards 24/7/365 PATHETIC ! Major seperation anxiety Your ass was fired LONG AGO but you STILL hang here 7 years later, Why is that Horse ass troll boy ?
HR guy
What is really sick about this is that they went after the wrong party. By suing HSP they punished the employees and stock holders while Begley and his cronies get off scot free and reap the benefits of their illegal activities.